Positive Net Worth Clause Samples
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Positive Net Worth. The Sellers shall receive a credit for the amount, if any, by which the net worth of Partnership reflected on the Closing Balance Sheet exceeds zero.
Positive Net Worth. On the Effective Date the assets of the Company and the Subsidiaries will equal or exceed the sum of the liabilities of the Company and the Subsidiaries plus the amount of any other liabilities to which the assets of the Company and the Subsidiaries are subject.
Positive Net Worth. On the Closing Date the fair market value of the assets of the Company will equal or exceed the sum of the liabilities of the Company plus the amount of any other liabilities to which the assets of the Company are subject.
Positive Net Worth. On the Closing Date the book value of the assets of the Acquired Companies and the Subsidiaries will equal or exceed the sum of the liabilities of the Acquired Companies and the Subsidiaries.
Positive Net Worth maintain a positive Net Worth;
Positive Net Worth. The Borrower and the Guarantor shall (and the Borrower shall ensure that each other Obligor shall) ensure that at all times the value of its assets exceeds its liabilities (taking into account contingent and prospective liabilities).
Positive Net Worth. The Sellers and Bris▇▇▇ ▇▇▇enant and agree that, at the Closing, following the payment of the CSIL Debt by Purchaser, CSIL shall have a positive net worth, i.
Positive Net Worth. So long as this Agreement is in effect, maintain a positive net worth, calculated in accordance with generally accepted accounting principles and as shown on its annual and quarterly financial statements included in its annual and quarterly reports filed with the U. S. Securities and Exchange Commission.
Positive Net Worth. The Borrower and each Obligor shall ensure that they will at all times maintain a positive net worth.
Positive Net Worth. Each of the Borrower and the Subsidiary Guarantors shall maintain at all times a positive net worth of at least one dollar.